X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-West Palm Beach, FL-based Dasco Cos., a 17-year-old national medical office building developer/investor/lender, is acquiring seven structures totaling 221,916 sf from Orlando Regional Healthcare Systems for $20.2 million or $91 per sf.

James Heistend, chairman/owner of Dasco and Orlando-based Capitol Partners, couldn’t be reached at GlobeSt.com’s publication deadline to learn the closing date of the deal which is expected to be completed before year end.

Area brokers tell GlobeSt.com on condition of anonymity the $91 per-sf price is below existing replacement costs of at least $125 per sf for comparable assets.

The prepared statement from Dasco didn’t disclose the age of the buildings or their individual dimensions. Orlando Regional will continue to lease a total 67,420 sf in several of the buildings.

Brent Barnes, former development direct at Raleigh, NC-based Highwoods Properties Inc., directs Dasco’s Florida portfolio. The company expects to invest $150 million in medical office properties nationally this year, according to a published report.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.